International Trader - Asia

Bulls Take Hold in China

The recent rally has pushed some indexes more than 20% higher, and more gains seem to be on the way.

Without much fanfare, some China indexes -- including the important Hang Seng China Enterprise Index -- tiptoed into a bull market last week, meaning they're up more than 20% from their March lows. After a seven-year bear-market run, Chinese stocks look likely to rally further.

The gains are -- and will be -- powered by improving economic fundamentals following a series of mini-stimulus programs, market reforms engineered in Beijing, and increasing confidence. "For years now, there have been predictions on a regular,...